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Search Results 0 to 27 of about 28 (some duplicates have been removed)
CNBC
Jan 15, 2013 3:00pm EST
of these earnings coming out from the banks this week as ahead of that debt ceiling debate? >> sure, maria. our equity portfolios are fully invested. we see no reason 2013 can't deliver very similar returns as 2012 did. the fact is we still have a good fundamental backdrop. the economy is expanding. it's not contracting or growing. value sheets are strong and valuations are very attractive so what is there not to like? >> you're our resident skeptic today, and i would point not to the normal averages that we quote every day, but look at the dow transportation average which could close at an all-time high today. the transportation companies, often a leading indicator for the economy. if they are doing well. chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited
MSNBC
Jan 15, 2013 9:00am PST
of finance is going to come into washington the week before the debt ceiling is hit and they're going to pressure you to cave. i actually disagree with andrew here. i think that the scenario that mcconnell laid out in that obama is willing to take is a much smarter approach because as of now, raising the debt ceiling, the responsibility for it is diffuse and spread across congress so they can pass blame and pass responsibility around so they might actually not do it. whereas, if the main responsibility is on the president, then whatever party that president is in, he is always going to do it. it would still allow the congress, if they desperately wanted the country to default, by a two-thirds vote, they could override the veto, and they could push the country into default. it still allows him to blow everything up if they are really passionate about it. it takes this off the table, and it does it in a much more rationale way. >> we've learned that as the fiscal cliff showed us, this is all about giving cover to the more raucus members of your caucus, right? this allows john boehner to
FOX Business
Jan 15, 2013 6:00pm EST
saying, are there big consequences? >> well, there would be if the debt ceiling was not lifted quickly enough. it is conceivable that the government shut down for a week, but by that time it becomes apparent that the shutdown of the government is causing unwanted stress for the u.s. economy, threatening to start another recession, and i would think that by that time both parties would be forced to compromise on the issue. less of for it, historically i don't know of a cigar session that has been blamed or linked to congress. all previous recessions have been blamed on the administration, went on the present. >> that is actually true. less talk about that. 16 trillion, over 16 trillion. how long can we go on like this? >> well, not forever. right now medicare is scheduled to go bankrupt and 2023. social security goes under and 2033. barring it real action. to be perfectly honest, the current and structure of the united states of america it is unsustainable long-term. gerri: go right ahead. >> we could tolerate the situation, but ultimately something has to be done in the more quickly corrective action is taken, though less painful will remedy be. gerri: all
CSPAN
Jan 15, 2013 7:00am EST
to do. when you get down to the debt ceiling, the debt ceiling is about whether you pay your bills. the united states pays its bills. that is all the debt ceiling debate is about, whether we agree to pay bills the week incur. when the bill comes, you do not say, "it's time to bring in spending so i'm not going to pay you." what happens when consumers do that? it ruins our credit rating. your credit score goes down. that makes it harder to get a loan. if you do get a loan, the interest rate will be higher. it is the same thing with the federal government. if we default on our obligations, people notice that around the world. what we saw last year was when we have the same thing happened , a budget debate around the debt ceiling, we took a hit for our national credit rating. that was damage to america. the same thing happens to our nation if we get a credit downgrade. the interest rates go up. i have heard from a top republican economic adviser. he addressed us at the crs seminar in williamsburg, virginia. this was a three-day seminar in williamsburg. we heard from top experts. i am grateful for having been invited. one of the top economic advisers for presidential contender john mccain. we absolutely canno
CSPAN
Jan 15, 2013 5:00pm EST
that. does that answer your question? >> -- part of the fiscal talk of the debt ceiling, over sequestration, even the continuing resolution. the many crises are big crises in the next couple weeks. >> my own judgment as any to face it to sequestration. we need to find a balanced way to do it and then go on to tax reform and entitlement reform. >> brian. >> interview, did the president make an error either strategically or legal merit to take any worker on the debt ceiling of the table yesterday, whether it's the coin of the 14th amendment, that there's no way the treasury can affect only prevent the consequences of reaching the debt ceiling but it's not raised quick >> no. >> was the right call? >> i think so. because it gets back to the first question for mr. kline about where we are. and to my comments about the change in the republican ranks, i really think the president had no choice but to essentially say to the republican party, you should not dapple with the debt ceiling, that it's some thin though it has such serious consequences. and i don't want to essentially see if i can find ways around it. those ways are very problematic and essentially what we have to do is face up to t
FOX News
Jan 15, 2013 8:00am PST
. congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part congress helped create this problem but we are going to hear to solve this problem. i got elected to uphold the constitution
FOX News
Jan 15, 2013 3:00pm PST
aboutbe the credit rating situation ahead of the the debt ceiling debat debate. in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are going to tell us that we will be downgraded. you have to have a discussion in the broader context. this is why the things are different when you talk about $17 billion in this particular mulvaney amendment. it is not a ton of number. in the context of $1.2 trillion debt. but you to have the discussions about the $17 billion. it's not out of line to suggest that a 1.6%be off-set is reasonable. >> bret: i will say one thing aboutbe the debt ceiling debate quickly. president obama yesterday and then jay carney back in 2011 tw
MSNBC
Jan 14, 2013 8:00pm PST
real fight was going to come on this debt ceiling. and they think that this is the way. now, it's like handing the keys to a john deere tractor to a 6-year-old and let him try and drive it. these guys, they have no idea what they're doing to the economy. and they will wreck it because they think that that way they'll get their way on some other things. it is simply -- you can't -- if the facts made any difference, the president would win the day totally. but the facts don't -- it doesn't make them move at all. they simply believe that if they are tough enough and bring enough chaos, they will get what they want. and they don't understand what they're asking for. it is really scary to me. >> well, it's scary to a lot of americans, because it will hurt a lot of people. but why would they do this? do they want the big three that bad? do they want sequestration that bad? do they really want these cuts to hit? because if you look at the cuts, if we go down that road, it's going to hit the pentagon pretty hard. and that's, of course, their core. they don't want to let that go. >> they want t
CNBC
Jan 15, 2013 6:00am EST
people. but when it comes to using the debt ceiling we had roger altman here earlier this week. his point was why not just use the sequestration which got pushed back to march 1st, use that instead of the debt ceiling so it doesn't sway confidence or concern investors to quite the same extent? >> becky, that's fine. the problem is that was the last deficit increase. the $1.2 trillion is sort of already in the bank. the credit agencies, by the way, assume we're going to make those cuts. so if you're suggesting that we do additional sequestration on the smaller part of the budget, the 38% we talked about, domestic discretionary, i suppose that's one way you could go. but, it ignores the fact that we've got this bigger part of the budget that's more politically sensitive, but has to be dealt with. the biggest part of the budget and the fastest growing part of the budget. it also, the $1.2 trillion is in the bank because of the discussions we had two years ago. >> you think the democrats would not see that as a credible threat? they would say go ahead, let the sequestration kick in? >>
FOX Business
Jan 14, 2013 8:00pm EST
doctor, and for a 30-day free trial, go to axiron.com. neil: we could be more than 6 weeks from the government shutting down, now and then we like to explain the issue at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, i want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, s
Current
Jan 14, 2013 7:00pm PST
the way his first term ended with questions about the debt ceiling, questions about gun safety questions about whether this congress will give so much as an inch on any of it. i'm afraid we might already know the answer to the last one. [♪ theme music ♪] >> jennifer: it has been nearly five weeks since the nowtown massacre, and the town's police chief has a very simple message for washington. >> ban assault weapons, restrict those magazines that have so many bullets in them. >> jennifer: progressives are pushing for a ban and diane feinstein says she'll introduce on assault weapon ban later this month. john mccain expressed his doubts. >> do you think an assault weapons ban can pass the congress? >> no. >> do you think it should? >> no. >> jennifer: now the question is without republican support is the president going to push for a ban any ways? so from his progressive basis point of view he has a mandate and he should use it. 62% of americans do support a ban. from the white house's perspective pushing an assault weapon's ban is a risky proposition. the president addressed
CNBC
Jan 15, 2013 4:00pm EST
the debt ceiling dead line. a month left before the u.s. breeches the borrowing limit as you heard from steve. no agreement to raise it in sight. former senator alan simpson is here with me next. he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because
FOX News
Jan 15, 2013 10:00am PST
u.s. credit rating and the debate over the debt ceiling. why some think this could mean new hope for a minting a trillion dollar coin we could use to pay our bills. we thought that was settled. maybe not. and this high school principal is in hot water after trying to connect with students with a video that he says was meant to be a parody. we'll push play and you decide. and a reporter yesterday challenged the president about whether he's doing enough to reach out to republicans and trying to negotiate the big deal he says he's looking for. we'll show you his response and look at what that could mean for the gun debate, the debt ceiling and the rest. >> most people who know me know i'm a pretty friendly guy. and i like a good party. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. turn your world upside down with gillette fusion progl
PBS
Jan 14, 2013 5:30pm PST
dominated by the looming debt ceiling fight. the president sternly warned republicans not to balk at raising the nation's borrowing limit. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> brown: congress has until march to raise the debt ceiling and prevent a government default. most republicans have insisted that with the government facing another trillion dollar deficit this year, any increase in borrowing authority must be tied to cuts in spending. the president flatly disagreed. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> brown: the 2011 stand-off be
Current
Jan 15, 2013 3:00am PST
congress is the debt ceiling. treasury secretary timothy geithner released a letter this week saying the government could run out its borrowing authority in as little as four weeks. now, republicans are trying to use this chance to force the democrats into serious long-term spending cuts but obama insists this is about paying the bills congress has already racked up. more bill up next. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. >> announcer: broad broadcasting across the nation and on tv on current tv. >> bill: breaking news, clarence thomas has spoken. for the first time in seven years. at the supreme court. clarence thomas uttered maybe three words. maybe four. nobody is sure what he said. but he did show signs of life. oh, my god. what do you say? good morning everybody. with that bit of astounding news, we start off the "full court press" this tuesday morning, january 15. great to see you today. welcome, welcome welcome to the program. good to have you with us. look forward to hear
CNBC
Jan 15, 2013 4:00am EST
. these are your headlines. pressure growing on lawmakers to raise the debt ceiling as fitch warnings any delay will prompt a rating review for the u.s. >>> germany sees a worse than expected slowdown in 2012. the economy contracted 0.5% in the fourth quarter the. >>> and dell eyes the private life. reports suggest the pcmaker is in talks with private equity firms for potential buyout. >>> now, dell is being tight lipped, not commenting on reports of several private equity firms include tpg and silver lake par ners have been in talks to take the company private. cnbc's john forte has the latest. >> guys, it would be a huge deal ranking among the biggest private equity deals of all time, market cap north of $20 billion. rumor has it that several large banks have been contacted on the possibility of taking dell private. dell says it won't comment on rumors or speculation. the stock, meanwhile, was up 13% in the close. the underlying issue here is the pc ecosystem. dell was the poster child for the pc in the '90s. the ecosystem somehow falling apart, thanks to smartphones, tablets and ju
FOX Business
Jan 14, 2013 7:00pm EST
reiterating he will not negotiate on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you characterize it. he seemed to fill in the blank " >> i would say congeal. meaning that he tried to portray himself as reasonable and said that there was now negotiating and the debt ceiling, lesley because he is in a strong position politically in that the most would agree that the republicans are showing no signs of real life. lou: do you agree? >> i think the republicans rolled over and play dead. at this point in time they will draw a line in the sand. no believe they should shut government down, but i think this is a position where they need to make their case k
CNBC
Jan 15, 2013 9:00am EST
but not enough to impress investors. >>> the battle over the debt ceiling has warranted a warning from fitch. they said it will prompt a formal review of u.s. credit ratings. fitch does add it expects congress will ultimately approve a ceiling increase. the head of global sovereign ratings for fitch, david riley, will join us in the next hour. bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit rating. >> the metaphors, jim, whether it's a family not paying the credit card bills, the president saying it's like dining and dashing at a restaurant, the only thing is we've got two weeks of respite and then we're off to the races again. >> after the civil war
CSPAN
Jan 15, 2013 5:00pm EST
increase the debt ceiling. the people of indiana deserve to hear the truth. the entire nation deserves to hear the truth. the truth is, our national debt is spirling out of control toward $16.5 billion. the truth is that the united states has now run not one, not two, not three, but four consecutive trillion-dollar deficits. the truth is this government is borrowing an unthinkable 46 cents for every dollar it spends. the truth is the share of the national debt for every family in indiana is a staggering $143,190. for every hoosier it's $52,737. the truth, mr. speaker, is that it's time for us to stop spending money we simply do not have. admiral mike mullen, former chairman of the joint chief of staff has warned us. he said, and i quote, the single biggest threat to our national security is our debt. in order to get our debt under control, we first must completely take care of our spending. as families in indiana's second district and all across the nation, we have to prioritize spending. we have to create budgets and live within our means. so should this congress of the united states.
CNN
Jan 15, 2013 4:00am PST
waiting for news on debt ceiling talks and federal reserve chief said the loss should be scrapped all together and outgoing secretary tim geitner urged action. he warned again that the treasury would run out of extraordinary measures by february to keep the government paying bills on time. the u.s. officially hit the debt ceiling set by congress on december 31st. facebook is inviting the media to an event to come see the building. there is speculation they will be unveiling their own smart phone. it could be a new search imagine that will tap into friends's suggestions and take on google. >> what the world needs. another smart phone. >> thank god. >> we all have our smart phones. >> we need a bigger table. >> if it's good and it takes my friend's suggestions, buy it. >> i take my friend's suggestions. i want to take them. >> we have been talking about the cover of the daily news and talking about the new ap from the national rifle association. just a month after. >> here came up with this. >> completely missing the one-month anniversary. >> that are we were talking about and in newtow
CSPAN
Jan 15, 2013 12:00pm EST
ceiling debate. "wall street journal" headline this morning is that he's escalated the fight. how will republicans respond in they leave washington later this week for a retreat. what's on the agenda? >> guest: right. yeah, they're going down to williamsburg, virginia, for at the end of the week into the weekend, and what's on the agenda is devising some sort of house bill that would raise the debt ceiling and pair it with entitlement or other spending cuts. you know, there's differing theories about how long, you know, one or two years which is what the president talked about. we've heard a couple of months, we've heard four years. you know, but there's sort of a principle that they're using which is equal amount of deficit reduction for the amount the debt ceiling is raised. so if you're going to raise it by, you know, $3 or $4 trillion, we're talking about sort of massive reforms probably along the lines of the paul ryan budget which cut $5 trillion in spending. you'd see things like block granting of medicaid and food stamps and, you know, i don't think that they would put in what's called a voucher system or premium support system for medicare.
CSPAN
Jan 15, 2013 1:00am EST
-- consider some sort of executive action on this debt ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. but
NBC
Jan 15, 2013 7:00am PST
his voice to the debate over the debt ceiling. he thinks congress should raise it. it doesn't mean the government will spend any more money, merely that it will pay the bills it's already incurred. >> all right. mary thompson of the new york stock exchange, thanks. for a look at what is trending, what has you talking online. go fish. less is more for this angler who doesn't bother with any fancy gear. >> oh, my gosh! oh! >> ouch. well, of course that big tarpon might think it was the one who scored the catch of the day. tommy lee jones cranky expression has gone viral. and a picture comparing him to grumpy cat, who must be thinking, finally, someone gets me. >>> stumping the kitty is not so easy not with kiddo the cat who has mastered the shell game. one, two, three, four. okay. oh, so smart. >> smart kitty. the clever cat was abandoned by two different owners before finding his forever home. it is 8:05. let's go back out to al with a check of the weather in chicago. got it right a couple of times there. >> yeah. i've got to tell you, natalie, we have to take that cat down to times
Search Results 0 to 27 of about 28 (some duplicates have been removed)